
Main Mezzanine backs MBO of Fairbanks
Main Mezzanine has provided mezzanine capital and taken an equity position in the management buyout of Fairbanks International Group.
The company management took the majority equity stake and Rabobank provided the senior debt for the buyout, as well as a working capital facility for the company.
It is the first step in a buy-and-build strategy for Main Mezzanine, which expects to announce further transactions this year.
Main Mezzanine is currently investing from a capital pool of around €50m and expects to close a fund early in 2018 on €100m, according to a source close to the situation.
Company
Founded in 2004 and based in Amersfoot in the Netherlands, Fairbanks runs a corporate cloud storage service and has around 200 large institutional clients such as Cendris and the University of Luxembourg. It generates revenues of around €10m and is a profitable business. It employs 25 people.
People
Main Mezzanine – Lars van't Hoenderdaal (managing partner).
Fairbanks International Group – Ruud Harmsen (CEO).
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